DMW, a German auto manufacturer, is considering the sourcing of certain components from India. The firm estimates a requirement of 150,000 units a year. The component is currently manufactured in- house at a cost of EUR 30. The Indian firm offers a four- year agreement to manufacture this component for rupee (INR) 1,500 per unit. The German firm also bears shipping costs of EUR 3 per component. Assume a discount rate of 9 percent. Spot EURINR equals 65. What is the NPV of savings from outsourcing?